what to do...what not to do?

BY- Anshu Dixit

what to do...what not to do?

Financial crises have affected every part of the society. People in upper class, upper-middle class, middle class, and working class, everyone has seen many problems due to the financial crisis of 2008. This financial crisis was problematic for everyone, especially for the women, as single parents. This financial crisis problem has not only affected our monetary conditions but our family conditions as well. There are many problems have risen due to this financial downturn in our economy, and in our families as well. So many people have financial problems because we have such a high unemployment rate. More than 70 percent of both men and women admitted making significant spending changes, including a decision to limit or eliminate the purchase of items deemed non-essential. More than 80 percent of both men and women also admitted that it was unlikely they would be able to retire when they wanted and with the amount of money anticipated as recently as one year ago. Bigger problem than unemployment and cutting costs is “suicides” cases, and number is not declining. The Samaritans of New York have seen calls rise more than 16 percent in the past year, many of them money-related. The Switchboard of Miami has recorded more than 500 foreclosure-related calls in the year 2008 and most of them were women. To find out some of the potential solution, some of the business women gather in Miami Beach to discuss economic future, such as, what kind of framework does our nation need in this situation, Americans should start saving more and many other points. It's sure to be a long and painful phase for many for us, our nation or in other words for everyone.

· http://www.huffingtonpost.com/2008/10/14/financial-crisis-suicide_n_134453.html

· http://www.miamiherald.com/news/breaking-news/story/1272998.html

· http://www.cbsnews.com/blogs/2008/10/22/couricandco/entry4539917.shtml

· http://www.sciencedaily.com/releases/2009/03/090312115049.htm